Wichita eagle., 1887-04-10
A BUSTED BOOM.
A Few Facts for Those Whose Blind
ness is But a Prejudice.

ness is But Prejudice.
Frequently and from many sources OF
late We are met with the prophecy-gener
ally rendered in a gleeful tone, by paper:
of other localities. in this and other states
that Wichia's boom will some day sud
denly f1atten Touching this suggestion
and for the better information of friend
and foe we desire just word or two.
Wichita's boom is the parent of all the
bOoms in Kansas, if not of those of other
towns throughout the country generally
The boom Of every Kansas town today is
but reflex of Wichita's boom, and if
Wicbitas boom should go up or collapse
the others will never so much as be heard
of again
8 Now for the texture of Wichita's BOOM
Granting that this is not the greatest
and grandest valley yet to be de-
veloped on this continent, and ignor-
ing the fact that the confluence
of the little and great Arkansas rivers is its
natural center, and that "Wichita's boom
is busted" irretrievably, We desire to call
attention to the fact that Notwithstanding
such an unreasonable conclusion and such
direful combination Of disastrous circum
stances Wichita would still, and neverthe-
less, be the greatest city in Kansas.
Wichita has not only the clements, the
men possessing the necessary faith and en-
terprise to build the largest city in Kansas
by all odds. but the necessary capital al
ready secured. From the boom which has
been ours for the past few years and which
boom nobody will deny, thousand origi-
nal owners Of lands and lots which cost
but song have become rich. There is in
this city today. piled up in our bank
vaults, millions Of dollars, every cent of
which belongs to Wichita's people wholly
and exclusively. And, further, so great
has been our prosperity as people that
other millions have been invested in bonds,
ether millions in productive property here
and clsew here, amounting TO enough in
the aggregate TO build the city twice over
again. This money, this surplus capital
belongs to men whose faith cannot only
be not shaken in Wichita, but who
wouldnt live any place else All the new
numerous and, splendid business
b. Uses, bubble buildings and homes and a
portion Of the factories under contract to
be put up here are to be built by Wichita
people. not by strangers, although the
money did come almost wholly from the
pockets of strangers. And this is not all. |
There are now lying in the vaults Of the
eight banking institutions Of this city, in
clean cold cash upwards of four millions sur
plus cash belonging TO Wichita men which
has been largely made and employed in real
estate Transactions, but which cash will, as
SO on as real estate speculation ceases, he in
vested in hundreds Of directions, in indus |
tries, in building and in business of va
riOus and diverse lines
In brief, if 1t is true that Wichita has
had her day it has been a mighty profitable |
day, fl day in which she has stored up
wealth far beyond the widest dreams of
the men who hold it; a day so bright, SO
full of increase SO. prolific of wealth, so
full of inspiration and prosperity. that
Sh ould dark days, such as would ruin the
average town follow, Wichita would have
W NC ItIti1Hutt lldl Dttfu WIS bit-
The day is past for sneers or for words ,
evil to effect Wichita: the day
Is passed in which even great corporations
can rctard Wichitas onward sweep; the !
day is passed when sny adverse influence
or antagonistic combinations can hurt
" ichita if We accept the interpretations Of |
providence, which in the future, As in the
past, seem only lsdened with the brightest |
promises and assurances of an exceptional |
greatness and prosperity for a people whose /
good fortune it is to hold this heritage"